Vape Shop Resources
Our list of partners and tools for starting or growing your vape shop
At VapeMentors, our goal is to offer everything you need to run a successful vape shop, e-liquid company or any other type of business in the vape space.
Check out our growing list of resources from our trusted colleagues. Rest assured we are getting you the best deal possible, because we are negotiating on behalf of the entire VapeMentors community!
Vape Business Financing
At VapeMentors, we know from personal experience how difficult it can be to secure financing for a vape space business.
If you try to get a conventional loan for a vape shop, banks won’t usually touch you unless you have something to secure their loan against.
We found a company that is not just willing but experienced in working with entrepreneurs in the vape space. We recommend applying for unsecured seed capital with WCAP Financial Services.
Why WCAP Financial?
WCAP Financial has worked with over 30,000 entrepreneurs and helped raise over 2 Billion dollars in unsecured seed capital since 2008. They can help vape space businesses at all phases — from start-ups to mature businesses in expansion mode — access the financing they need to grow.
Our trusted colleague Scott Shaw (a WCAP Funding Advisor) will personally walk you through the process of raising the capital you need to meet your business needs and help you to succeed.
Financing a New Vape Shop
If you need a loan for a start-up, you need a good credit rating, which means over 650 FICO. WCAP Financial offers flexible terms to suit your needs.
With 0% interest funding for 12 to 18 months, fast approvals, and streamlined process, WCAP Financial will make the entire process easy and seamless for would-be vape space business owners.
Here is an overview of the guidelines:
- Requires 650 plus credit scores
- No judgements, collections, tax liens, bankruptcy, or other adverse credit
- 0% interest for 12-18 months
- Automated 5 minute approval process
- Each existing credit card balance an applicant currently has must have a balance of no more than 45% of the credit limit.
Insurance is not an option in today’s vape space: it is a requirement and a necessity. That is why we use CALCO Commercial Insurance.
We have been working with CALCO Commercial Insurance for several years because they are one of the very few companies that specializes in our industry. They offer General Liability (with or without Product Liability coverage) as well as property coverage. Did you know that you may be held responsible if someone claims to be ill from the sale of one of your products? Protect yourself from frivolous lawsuits.
CALCO is a member of SFATA and insures most of their members. Their prices are competitive and their service is top-notch. Call Sarkis at 877-225-2699.
If there is one company and one person that we think is best equipped to support the vaping industry, it is Azim Chowdhury with Keller and Heckman LLC in Washington, DC. Azim has been involved with the e-cigarette and vaping industry since 2009 and is spearheading a major lawsuit against the state of Indiana for unlawful practices against the vaping industry. He has also been a supporter and instructor in every one of our VAPE U programs and has generously offered guidance and free webinars through VapeMentors as the deeming regulation process was under way.
We can offer attractive rates for Azim Chowdhury’s help for all Vapreneurs in need of guidance. As head of the FDA practice at Keller and Heckman, he is up to date on the guidelines and will help you stay out of trouble.
This partnership with K&H will offer ongoing educational webinars and coaching calls for anyone that manufactures or sells e-liquids. The new regulations are very specific about the PMTA requirements and you must protect yourself by being proactive. Check out the legal packages Azim has put together for you!
Merchant Account Services For Vape Shops
Most merchant account providers put vape space businesses in a “high risk” category and charge high rates – 3 percent or more. We offer you options and preferential treatment.
If you are looking at alternative merchant account providers please contact us for information on our resource partners.
Start your own E-liquid Line!
The window to create your own line of liquid closed as of August 8, 2016. Only products and liquids that were pre-registered can legally be sold.
We have a line of 13 approved and registered liquids if you have an interest in starting your own rebranded line.
Contact [email protected] for details
Whether you’re just getting started or are frustrated with your current supplier, we have a hot tip for you. Use VaporBeast for all your vaping hardware and e-liquid supplies.
They are the largest and fastest growing wholesale vaping suppliers in the U.S., and VaporBeast will do their utmost to get you started on the right foot, with low minimum order quantities and valuable guidance on the hottest selling products.
When the new regs were released, many asked the question: are loyalty programs still allowed?
And the answer is a resounding yes. We have been working with AppCard and they were part of our four day, 20 hour, VAPE U program. They offer state of the art tracking and software and integrate with virtually all POS systems. We will be offering a FREE webinar with AppCard shortly, so contact us for more information.
POS (Point of Sale) Systems
We proudly offer three of the top POS providers in the United States: Shopkeep, NCR Silver and LightSpeed. They are the most highly recommended brands AND they offer programs that are specific to the vaping industry.
State Tax Accounting
We were recommended to DAVO by one of our long time clients who sang their praises. So we want to help spread the word and help you stay you out of trouble.
Sales Tax giving you the blues? Looking for a better, worry free way to pay? Finally, automated sales tax has arrived!
DAVO Sales Tax is an automated sales tax cash management solution for Vape merchants. DAVO’s patented process automatically collects, files and pays your sales tax for you. They set aside your total sales tax collected every day, holding it safe and secure. Then they file and pay for you when it is due. DAVO wants to automate the sales tax payment process like ADP and Paychex did for payroll.
We have seen many situations where delinquent actually threatened to close a business, even though they had the money to pay.
Contact Owen Brown and ask how they can help.
What services are you look for?
We have relationships and access to some of the top vape space businesses in the world. Just tell us what you need and we’ll connect you.
Email [email protected]